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EUR/USD Technical Analysis For 19th August 2015, H4

19 August 2015, EUR/USD

Technical View

EUR/USD is trading with a bullish bias. As long as the pair trades above the support trend line, long positions are recommended but with a stop at 1.1124 . In case the price moves above the level11.1124 , price is likely to move further ahead towards the key levels 1.1195 and 1.1289. in an opposite case, should the price move downwards, we expect a stop at the support trend line.

Trade recommendations

As long as the price trades above the key level 1.1016, and above the support trend line, long positions, but we expected that the price will retrace back to around the level 1.1016 or even below, before heading long.

Graham Osano
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